StockGuru Shines its Spotlight on Calico Resources Corp. (TSX-V: CKB; OTCQX: CVXHF) Upon Commencement of Trading on the OTCQX — October 10, 2011

StockGuru Shines its Spotlight on Calico Resources Corp. (TSX-V: CKB; OTCQX: CVXHF) Upon Commencement of Trading on the OTCQX — October 10, 2011

(Dallas, TX. – October 10, 2011) StockGuru Shines its Spotlight on Calico Resources Corp. (TSX-V: CKB; OTCQX: CVXHF).  The Company announced Friday, September 7, 2011 that its application to join the OTC markets’ prestigious OTCQX International Tier have been approved. The Company will commence trading on 6 October 2011 in the US market under the symbol CVXHF. Financial disclosure and Real-Time Level 2 quotes for the Company are available on www.otcqx.com and www.otcmarkets.com.  The Company closed on Friday, at $0.447, trading in a fifty-two week range of $0.61 – 0.3325.

“With our membership on the OTCQX International now complete, Calico is able to provide US investors with a trading platform that is transparent and improves efficiency when transacting shares of Calico in the US market,” commented Bill Wagener, President and CEO of Calico.  “Joining OTCQX, in conjunction with the availability of our Company’s information through the Standard & Poor’s Market Access Program, is intended to create greater visibility in the US market during what we believe to be a very exciting time in the Company’s development.”

Berns & Berns, Counselors at Law will serve as Calico’s Principal American Liaison (“PAL”) on the OTCQX, and is responsible for providing guidance on compliance with OTCQX requirements.  Shoreline Pacific LLC advised the Company in listing on the OTCQX.

About Calico Resources Corp.
Calico’s strategy is to create shareholder value by acquiring projects that give the Company a “pipeline” of opportunities ranging from properties with near term production potential and advanced stage exploration projects with significant exploration upside.

The Company is actively exploring its Grassy Mountain Project which contains NI 43-101 compliant Indicated resources of 18,657,000 tonnes containing 924,000 ounces Au averaging 1.54 g/t (0.045 opt) at a 0.55 g/t (0.016 opt) cutoff and Inferred resources of 1,722,000 tonnes containing 61,000 ounces Au averaging 1.10 g/t (0.032 opt) at a 0.55 g/t (0.016 opt) cut-off.  A copy of the NI 43-101 report dated June 6, 2011 is posted on SEDAR and Calico’s website www.calicoresources.com.

A drill program commenced in August that will concentrate on further defining and expanding the high-grade underground potential at Grassy Mountain. The high grade zone was previously evaluated by a historic, non NI 43-101 compliant, pre-feasibility study, titled “Newmont Grassy Mountain Corporation Pre-Feasibility Study, 1,000 st/d Underground Mine Option, Malheur County Oregon, Kilborn International Inc., dated January 1993”. (the “Kilborn Study”). The Kilborn Study identified a high-grade underground “indicated and inferred reserve” of 1,508,000 tons at a diluted mined grade of 0.265 opt with an “associated” 414,600 ounces of gold, using a 0.1 opt (3.1 g/t) cutoff grade.  The study was based on a 1,000 ton per day underground and mill processing operation. Average diluted and capped mill feed grade was projected at 0.265 opt (8.2 g/t).

Note that NI 43-101 does not use the terms “indicated and inferred reserve” or “an associated” and, accordingly, those terms are not NI 43-101 compliant.  The Kilborn Study pre-dates NI 43-101 and used various terminologies in describing the resource but given the detail of analysis, cost estimates and other references in the report it appears that the report was referring to proven and probable reserves.  Calico believes that the estimate in the Kilborn Study was accurate and reliable at the time of its completion and many of the conclusions remain relevant today.  A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves.  The Company is not treating the historical estimate as current mineral resources or mineral reserves and the historical estimate should not be relied upon.  There is no intention to imply any current economic viability. 

About OTC Markets Group Inc: OTC Markets Group Inc. (OTCQX: OTCM) operates the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks.  Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities.  OTC Markets categorizes the wide spectrum of OTC-traded companies into three tiers – OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink™ (the speculative trading marketplace) – so investors can identify the level and quality of information companies provide.  To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.

About Shoreline Pacific LLC:  With offices in New York and San Francisco, Shoreline is a licensed investment bank specializing in the resources sector. www.shorelinepacific.com Contact: Stephen Goodman, Sr. Vice President: sgoodman@shorelinepacific.com, 917-371-2966

On behalf of the Board,

W. S. Wagener

William S. Wagener
President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


 

To view this StockGuru Spotlight, please visit: http://www.stockguru.com/category/latest-spotlights/

To get free alerts on this and other similar stocks, please register here:

http://www.stockguru.com/?page_id=250

What is the StockGuru Spotlight?

Many companies covered in The StockGuru Spotlight have positive increases in both volume and share price. While this is not true in all cases, StockGuru strives to cover companies in The StockGuru Spotlight that are worth of our readers’ attention.

StockGuru looks for potential break-out candidates in The StockGuru Spotlight.  Many of these companies have had recent news and appear to be getting the attention of investors. StockGuru does not typically feature companies in The StockGuru Spotlight that are compensating StockGuru for this coverage.  There are times when StockGuru covers a stock in The StockGuru Spotlight that had previously compensated Stockguru. Where that is the case, a proper disclosure is included below.   StockGuru and its partners, employees and writers never hold shares, short positions, warrants or any other current position in a stock featured in The StockGuru Spotlight.

To feature a company in The StockGuru Spotlight please contact the Publisher at publisher@stockguru.com.  If our reader is a key person for a publicly traded company, StockGuru can consider that company for either a StockGuru Spotlight or a StockGuru Profile.  Please contact the StockGuru Publisher John Pentony at this email address:  john@stockguru.com.

Stockguru.com (“SG”) provides its members with the latest news, press releases, and trade alerts for all the companies highlighted on the site StockGuru.com. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions.  SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.Stockguru.com or mentioned herein.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements. StockGuru is occasionally compensated for coverage.  When this is the case, SG clearly indicates this with a disclosure of all compensation received in the past and present.  Additionally SG also discloses any anticipated compensation in the future.  Compensation is typically in cash.  Sometimes a company pays SG in restricted shares. Pentony Enterprise and its associated companies does not take free trading shares for any reason at anytime. StockGuru is not a registered investment adviser or a broker-dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.

John Pentony, Publisher, Stockguru.com

Tel: +1 469 252 3031

e-mail: john@stockguru.com